Active

2422 W Florence Avenue

Los Angeles, CA 90043
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Bed 5

Bed

Bath 0

Bath

SqFt1,066

Sqft

SqFt5,744

Sqft(Lot)

Duplex DELIVERED VACANT AT CLOSE OF ESCROW! ARV appraisal included at $2,200,000 - Located in a prime location near vibrant Inglewood and just moments from SoFi Stadium and Intuit Stadium, this commercially zoned property is a standout investment opportunity. What sets this property apart is its potential for expansion and transformation. It comes with approved plans and RTI (Ready-To-Issue) permits, saving valuable time and expense, for a modern, three-story apartment building that can accommodate either three or four units. Plans available for review. To maximize the rental income opportunity the design is of 5,500 square feet of living space, across up to 4 units and up to 13 bedrooms. This flexibility allows investors and developers to capitalize on its commercial zoning, enhancing its value proposition. Moreover, the location is prime for capitalizing on the dynamic growth of Inglewood. With nearby entertainment venues, shopping options, and easy access to major freeways, residents will enjoy convenience and accessibility. One of the most compelling features of this offering is that it will be delivered vacant at the close of escrow. This means new owners can move swiftly with their development plans without the constraints of existing leases, maximizing their flexibility and timeline. Currently, the Duplex generates substantial monthly rental income of $6,000 from its existing two residential units or 5 bedrooms. This income stream provides immediate cash flow while laying the groundwork for future development. Beyond its financial prospects, the property offers significant room for growth. There's ample space on the lot to add a third unit or an ADU (Accessory Dwelling Unit), offering additional rental income potential. Ample parking enhances the property's practicality and appeal. This property represents a rare blend of current income and expansive future potential. Whether you're looking to invest in income-generating rental units, develop a modern apartment building, or explore the possibilities of commercial zoning, this opportunity should not be missed.

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Detail Ic Property Details

Property Type : Residential Income

Price : $850,000

AD Id : 79433549

MLS Id : 26834715

Beds : 5

Lot Size : 5,744 Sqft

Living Area Size : 1,066

Year Built : 1955

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 5

    Bathroom Information

    Total Baths: 2 Full Baths: 0 Half Baths: 0
  • Cooling Features

    None Air Conditioning

    Heating Source

    Central Has Heating

  • Building Information

    Year Built: 1955 Building Area Total: 1,066

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1319
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 5744

  • Listing Price Information

    Original List Price: 850,000 Listing Contract Date: 2026-05-28
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 4009002007

  • Garage and Parking

    Garage Description: Driveway

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: PHHT - Park Hills Heights Postal Code Plus 4: 5105 Directions: South side of Florence between Crenshaw and Van Ness Zoning: LAC2 Source Property Type: Residential Income Area: PHHT - Park Hills Heights
  • Building and Construction

    Property Age: 71 Year Built Source: Vendor Enhanced Total Square Feet Living: 1066 Levels or Stories: One Building Total Stories: 1
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4430 Arlington Avenue, Los Angeles, CA, 90043 $998,000 5 -- 2,354 2,354 SqFt
4812 Arlington Avenue, Los Angeles, CA, 90043 $749,000 3 3 1,786 1,786 SqFt
4720 2nd Avenue, Los Angeles, CA, 90043 $939,000 3 2 1,800 1,800 SqFt
5157 Arlington, Los Angeles, CA, 90043 $720,000 3 2 1,596 1,596 SqFt
5306 3rd, Los Angeles, CA, 90043 $612,000 3 1 1,200 1,200 SqFt
4623 6th Avenue, Los Angeles, CA, 90043 $949,000 4 -- 1,932 1,932 SqFt
4623 6th Avenue, Los Angeles, CA, 90043 $949,000 4 2 1,932 1,932 SqFt
4524 7th Avenue, Los Angeles, CA, 90043 $759,000 4 2 1,444 1,444 SqFt
5319 4th Avenue, Los Angeles, CA, 90043 $815,000 3 1 1,522 1,522 SqFt
6022 Arlington Avenue, Los Angeles, CA, 90043 $589,950 2 1 900 900 SqFt

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ByOwner last updated this listing 06/21/2026 @ 10:16

MLS: 26834715 LISTED BY: Benjamin Russell, Douglas Elliman of California, Inc. 310-819-3250 SOURCE: CRMLS

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